Hence the lot on which the house resided was taxed at a 45% discount based on actual value, while the tennis lot was taxed at about 4 times what it should have been by value. 

@Vinny MuliIf you have equity built up, can you do a cash out refi?

With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.

Would the buyers/borrowers be purchasing with the intent of putting a mobile home on the property and making it their primary residence?

I would like to pull out equity from the homes to build either a house on each or an ADU (they are zoned multi-family) depending what makes the most sense on returns and what is feasible.

Investment Info:Single-family residence buy & hold investment in Rocky Hill.

I have a duplex I have been renting for almost 10 years and want to use the equity in that property to use as a down payment on a storage facility.

Not sure if hard money would be the correct route to go for this one or notHey @Scott Allen I generally run the initial underwriting to minimize the developer's equity (@Shayan Sameer) based on the max LTV % or LTARV % that the handful of HMLs that quote me on my deals.

If you are doing a live-in flip why not use that equity for a down payment with a refi or HELOC?

So it can be good for cash flow and building in tighter spaces but it is less of a equity play in today's market if you're looking to sell right away